Hundreds of people participate in land auctions until 1:00 a.m. in Quang Ngai
According to Mr. Nguyen Van Tan, Director of the Property Auction Service Center of Quang Ngai province, the unit has just successfully auctioned 79 plots of land belonging to many land fund development projects in the old Quang Ngai city.
Mr. Tan said that the plots of land scattered in other residential areas (KDC) invested by the State have synchronized infrastructure and have diverse areas, from 125 - 200m2 and more. Starting price ranges from over 400 million to over 8 billion VND/plot, depending on area and location, each plot deposit is determined according to the starting price.
The auction of 79 lots took place over two days, July 15 and 16 in the form of direct voting (maximum 5 rounds). Of which, on the 15th, 23 lots were auctioned, attracting hundreds of people to buy documents, participating in the auction and ending at 3:00 p.m. the same day. The price after bidding fluctuated by 20 - 90% compared to the starting price.
On July 16, the auction of 56 lots of the Nghia Phu Residential Area Project (phase 1) also attracted hundreds of participants. However, due to the large number of plots of land, they were divided into 8 auctions, each auction attracted a large number of bidders in all 5 rounds, so the auction took longer than expected.
The lots with starting prices around 500 million VND/125m2 were pushed up twice, even 3 times. "The auction ended at around 1:00 a.m. on July 18" - Mr. Tan said. See more...
New apartment prices in Hanoi exceed 90 million VND/m2
Bac Ninh invites investment in 5 social housing projects worth over VND 5,300 billion
The Department of Construction of Bac Ninh province has just publicly announced the Decision approving the investment policy of 5 social housing projects including:
1. Investment project to build social housing area in Phuong Lieu ward. The total investment capital is VND 2,013,490,000,000.
2. Social housing project No. 01 in areas No. 5 and No. 9 in the southern urban area of Bac Giang city (now Bac Giang ward). Total investment capital is about: 1,564,164,890,000 VND.
3. Social housing project in Nam Son ward. The total investment capital is: 1,069,761,000,000 VND.
4. The social housing area on a 20% land fund belongs to the Housing Area auctioning land use rights to create capital for infrastructure construction in Lim town, Tien Du district (now Tien Du commune, Bac Ninh province). Total investment capital: 177,317,000,000 VND.
5. Social housing project in Dai Phuc ward, Bac Ninh province. Total investment capital is about: 563,713,000,000 VND.
The Department of Construction of Bac Ninh province publicly announced so that investors in need can know and submit documents to request the assignment of investors for the above social housing projects. See more...
The picture of an empty billion-dollar townhouse, social housing overloaded in Da Nang
As Lao Dong reported, many rows of commercial townhouses worth nearly ten billion VND on Me Linh street are vacant, while thousands of people jostle to submit applications to buy social housing, which is a paradox in the Da Nang real estate market.
An urban picture is clearly seen when high-end real estate is in a state of prolonged stagnation, the segment for low-income people is overloaded and lacking in supply. Not only the supply-demand imbalance, this signal shows that the Da Nang real estate market still lacks a segment approaching the real needs of the people.
With a length of more than 3km, many houses on Me Linh Street are continuously hanging signs for rent, advertisements for sale, and have been left empty for many months. Once expected to be a bustling business area, this row of townhouses is still covered with dust and locked, the premises are deserted.
Meanwhile, the scene of many people lining up and jostling to submit documents and seek opportunities to own social housing apartments took place at the An Trung 2 Social Housing Project.
Notably, the area of apartments in the project ranges from 50 - 66m2, the average selling price is only about 16 million VND/m2, this is a price considered "easy to breathe", suitable for people's income. See more...
